You can by calling 312-332-4200 and speaking to one of our attorneys about your options. We are securities attorneys based in Chicago, Illinois who sue firms like Legend Securities in the Financial Industry Regulatory Authority (FINRA) arbitration forum on a contingency fee basis, which means we only get paid if our clients recover their losses. The call to us is free with no obligation. Attorneys are standing by. Please do not delay, as there is a statute of limitations on most cases.
According to a Letter of Acceptance, Waiver and Consent (AWC) with FINRA, Mr. Cole allegedly “engaged in dishonest or unethical practices,” including unauthorized trading and excessive and qualitatively unsuitable trading in a customer account from April 2013 until October 2014. Specifically, Cole was accused of engaging in excessive trading in eight accounts of six senior citizens. This is sometimes referred to as “churning,” and is a particularly egregious form of broker misconduct. Churning typically generates large commissions for the brokers and results in unnecessary fees for the customer. It is against securities laws. For this, Cole was fined $5,000 and suspended from the industry for 16 months.
He was previously registered with PHD Capital, Meyers Associates, Prestige Financial Center, Global Arena Capital Corp, Liberty Partners Financial Services, Legend Securities in New York, New York from April 2013 until October 2014, E.J. Sterling, Blackbook Capital, Avenir Financial Group, Spartan Capital Securities and Fordham Financial Management. He has five customer disputes against him and one criminal final disposition. He is currently not registered within the industry.
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